June E-Newsletter: Stay Up To Date with Midas
Report Release: "Massachusetts Debt Trap: How Private Debt Buyers are Using Courts to Hurt Families"


23 percent of Massachusetts residents have debt in collections, with an average debt of $4,600. Abuses in the debt buying system have have left families financially unstable and unable to repay debts from job loss, medical emergencies, etc. We have to stop this debt trap and protect our state economy. 
 
Help Stop the Debt Trap:
  • Support passage of the Family Financial Protection Act in Mass. (S2230/H4194) which is currently in the Senate Ways & Means this week. The two year session ends July 31st!
    • Fact Sheet
    • Call your elected officials today and let them know that, "I support the Family Financial Protection Act (S2230/H4194) because we need protections that enable Massachusetts families to repay their debts without pushing them into poverty."
  • Share your story! Debt happens just as life happens. Sharing your experience with debt buyers helps us shape plans to protect consumers.

  • Also, share your support of An Act to Promote Personal Savings (S2374) with your state senator.

     
New Midas Website - Check it Out! 

We are proud to announce our new website which we believe will be a better resource for members and the community to learn and engage with Midas. The new website is interactive and provides increased access to important information to advance the financial security of Massachusetts families. Also, on the new site is our 2015 Impact Report, read it here. Make sure you visit today!
Midas Quarterly Member Meeting Recap

Thanks to everyone who joined the Midas member meeting on Tuesday, June 28th. It was a great opportunity to share updates across the collaborative, strategize to boost civic engagement with a voter registration drive in September, and legislative advocacy efforts to uplift the communities we serve. A special thanks to partner Santander Bank for engaging with Midas members in how to work together to serve our clients more effectively. Look out for next steps including a voter registration drive this fall. 

Funding Partner Spotlight

Midas is proud to be a 2016 grant recipient from the TD Charitable Foundation! Working together ensures that we can continue to build financial capability and education throughout our networks for a stronger Massachusetts. 

The Midas Collaborative |  www.MassAssets.org | www.MassSaves.org
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